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interest in manganese battery market grows as Eramet and Vibrantz agree supply deal","ex-china-interest-in-manganese-battery-market-grows-as-eramet-and-vibrantz-agree-supply-deal","article/ex-china-interest-in-manganese-battery-market-grows-as-eramet-and-vibrantz-agree-supply-deal",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":714,"featured":51,"reporter":715,"_editable":719,"component":720,"seo_title":553,"categories":721,"visibility":728,"author_company":49,"featured_image":729,"seo_description":714,"author_full_name":49,"author_job_title":49,"formattedDate":733,"formattedArticleDate":734},"d59a2ffd-0f55-403a-93be-3f4fba2212f6","2023-12-22 00:00",[560,563],{"slug":561,"name":562},"eramet","Eramet",{"slug":564,"name":565},"vibrantz","Vibrantz",[567],{"slug":568,"name":569,"content":570},"matthew-bird","Matthew Bird",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Senior Editor - Supply Chains & Data Visualisation",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":577,"content":578},"doc",[579,586,591,596,611,616,625,636,643,648,653,658,663,668,687,699,704,709],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"A new deal between Eramet and Vibrantz shows how manganese producers outside of China are looking to make inroads into the battery value chain.","text",{"type":580,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":585},"Leading manganese producer Eramet will supply Vibrantz with manganese ore from its Gabon mine over a 10-year period. Vibrantz manufactures manganese sulphate which is used in the production of cathode materials such as nickel cobalt manganese (NCM) and lithium iron manganese phosphate (LMFP). ",{"type":580,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":585},"The majority of manganese ore is used in the steel and alloy markets, but growing demand for high purity manganese sulphate (HPMSM) means the battery market will grow at a faster rate than traditional markets according to Benchmark analysis.",{"type":580,"attrs":597,"content":598},{"textAlign":49},[599,601,609],{"text":600,"type":585},"Global demand for HPMSM will increase by more than three and a half times by 2030, according to the base scenario laid out in ",{"text":602,"type":585,"marks":603},"Benchmark’s Manganese Sulphate Market Outlook",[604],{"type":605,"attrs":606},"link",{"href":607,"uuid":49,"anchor":49,"target":49,"linktype":608},"https://www.benchmarkminerals.com/forecasts/manganese/reports/","url",{"text":610,"type":585},", driven mostly by NCM battery demand. ",{"type":580,"attrs":612,"content":613},{"textAlign":49},[614],{"text":615,"type":585},"Automotive majors are looking at manganese-intensive battery chemistries due to their lower cost structures and improved performance. As a result of these demand increases, interest in battery-grade manganese is going upstream.",{"type":580,"attrs":617,"content":618},{"textAlign":49},[619],{"type":620,"attrs":621},"image",{"id":49,"alt":622,"src":623,"title":49,"source":49,"copyright":49,"meta_data":624},"","https://a.storyblok.com/f/287943243085208/cfe7e81db5/bm-hpsmssupply.png",{},{"type":580,"attrs":626,"content":627},{"textAlign":49},[628,630,634],{"text":629,"type":585},"China supplies 93% of the world’s HPMSM, according to ",{"text":602,"type":585,"marks":631},[632],{"type":605,"attrs":633},{"href":607,"uuid":49,"anchor":49,"target":49,"linktype":608},{"text":635,"type":585},". This trend is set to continue, with China producing 61% of new HPMSM due to come online by 2030. The Eramet-Vibrantz deal goes some way to reducing China’s large share of supply, and shows how manganese operations outside of China are taking interest in the battery market. ",{"type":637,"attrs":638,"content":640},"heading",{"level":639,"textAlign":49},4,[641],{"text":642,"type":585},"LMFP growth could boost demand further",{"type":580,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":585},"In the case of widespread lithium iron manganese phosphate (LMFP) cathode adoption, however, Benchmark forecasts demand to register an almost six times increase. ",{"type":580,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":585},"“LMFP’s impact on HPMSM demand will rely on two factors: overall LMFP uptake and manganese intensity within LMFP batteries,” said Zach Parsons, research analyst at Benchmark.",{"type":580,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":585},"Interest in LMFP has risen over the past year as it offers a more cost effective alternative to NCM applications by adapting lithium iron phosphate production lines. How much manganese the average LMFP chemistry will contain is yet to be determined as battery producers continue to experiment with different iron to manganese ratios. ",{"type":580,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":585},"“HPMSM demand is likely to multiply several times by 2030, but an elevated LMFP uptake would raise that demand expectation even further,” said Parsons.",{"type":637,"attrs":664,"content":665},{"level":639,"textAlign":49},[666],{"text":667,"type":585},"Challenges in China ",{"type":580,"attrs":669,"content":670},{"textAlign":49},[671,673,679,681,685],{"text":672,"type":585},"The deal could also go someway to filling the expected supply left by Ningxia Tianyuan Manganese Industry Group (TMI), which ",{"text":674,"type":585,"marks":675},"continues to encounter solvency issues",[676],{"type":605,"attrs":677},{"href":678,"uuid":49,"anchor":49,"target":49,"linktype":608},"https://source.benchmarkminerals.com/article/bankruptcy-of-chinas-manganese-king-adds-uncertainty-to-battery-supply",{"text":680,"type":585}," as it struggles to bring 1 million tonnes of HPMSM into the market (at 32% Mn contained). The TMI project was set to account for around 42% of total potential Chinese processing capacity, according to ",{"text":602,"type":585,"marks":682},[683],{"type":605,"attrs":684},{"href":607,"uuid":49,"anchor":49,"target":49,"linktype":608},{"text":686,"type":585},". ",{"type":580,"attrs":688,"content":689},{"textAlign":49},[690,692,697],{"text":691,"type":585},"If the project is cancelled or not bought by another company, the manganese sulphate deficit could come two years earlier, around 2026 to 2027, ",{"text":693,"type":585,"marks":694},"according to Anna Fleming",[695],{"type":605,"attrs":696},{"href":678,"uuid":49,"anchor":49,"target":49,"linktype":608},{"text":698,"type":585},", a consultant at Benchmark. Even if TMI does bring the volume to market it may be absorbed domestically or if Benchmark’s high-case LMFP demand forecast comes to fruition.",{"type":637,"attrs":700,"content":701},{"level":639,"textAlign":49},[702],{"text":703,"type":585},"IRA opportunities",{"type":580,"attrs":705,"content":706},{"textAlign":49},[707],{"text":708,"type":585},"Vibrantz recently announced construction of a pilot facility to process battery grade HPMSM at its Tampico, Mexico site. The expansion is expected to increase Vibrantz’s HPMSM capacity to 45,000 metric tons per year, which is enough to power two million EVs. ",{"type":580,"attrs":710,"content":711},{"textAlign":49},[712],{"text":713,"type":585},"The buildout of North American manganese projects is likely incentivised by the credits that could be offered within Inflation Reduction Act in the US. An underlying motive of the Act is to reduce the American battery supply chain’s dependency on Foreign Entities of Concern which includes China as per 10 U.S. Code 2533c(d), according to Maximilian Court, product director, battery chemicals at Benchmark.","A new deal between Eramet and Vibrantz shows how manganese producers outside of China are looking to make inroads into the battery value chain. Leading manganese producer Eramet will supply Vibrantz with manganese ore from its Gabon mine over a 10-year period. Vibrantz manufactures manganese sulphate which is used in the production of cathode materials […]",[716],{"slug":568,"name":569,"content":717},{"job_title":571,"image":718,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"d59a2ffd-0f55-403a-93be-3f4fba2212f6\", \"id\": \"\"}-->","article",[722,725],{"slug":723,"name":724},"critical-minerals","Critical Minerals",{"slug":726,"name":727},"manganese","Manganese","private",{"id":49,"alt":622,"name":622,"focus":622,"title":622,"source":622,"filename":730,"copyright":622,"fieldtype":731,"meta_data":732,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/6027cacddb/bm-erametmanganese.jpg","asset",{"alt":622,"title":622,"source":622,"copyright":622},"Dec 22, 2023","22nd December 2023",[],[],1789982579793]